FL S1272

Eliminates the time limit for claiming the Florida renewable energy production credit, allowing credits to be claimed beyond the June 30, 2016 expiration date.

Increases the annual tax credit authorization amount to $15 million per state fiscal year for all taxpayers, replacing the previous tiered structure of $5 million in fiscal year 2012-2013 and $10 million for subsequent years.

Allows unallocated tax credits to be carried forward to future years instead of being redirected to finance other renewable energy credits under a separate statute.

Authorizes the Department of Agriculture and Consumer Services to conduct on-site monitoring visits to certified renewable energy facilities to verify application information accuracy.

Takes effect July 1, 2016.